General News
Tariff Revenue Hits $195 Billion for Fiscal 2025, CBO Says
The federal government logged a $1.8 trillion budget deficit for the 2025 fiscal year, little changed from 2024 despite a surge in tariff revenue, according to the Congressional Budget Office.
Carney Pitches Trump on Energy Alliance, Keystone XL Project
Canadian Prime Minister Mark Carney pitched deeper cooperation with the U.S. on energy, including a possible revival of the Keystone XL pipeline, in his meeting with President Donald Trump.
3PL Customers Confident About Adapting to Tariffs
Some 14% of shippers serviced by 3PLs are extremely confident in their ability to adapt to the shifting sands of U.S. trade policy and myriad tariffs imposed by the Trump administration.
Upcoming USMCA Talks Could Boost Mexico’s Peso
While questions remain around transshipments, Jason Schenker of Prestige Economics said, “Mexico’s going to be a very big winner” when the trade pact is renegotiated.
House Bill Moves to Let Younger Truckers Cross State Lines
The DRIVE Safe Act promotes rigorous safety training for younger commercial drivers. The bill would enhance an apprenticeship program for prospective drivers once they obtain their CDLs.
Pennsylvania to Add 1,202 Truck Parking Spaces
PennDOT staff and state police closely collaborated to find state-owned sites that could be turned quickly and cost-effectively into new truck parking areas.
House Bill Moves to Let Younger Truckers Cross State Lines
The DRIVE Safe Act promotes rigorous safety training for younger commercial drivers. The bill would enhance an apprenticeship program for prospective drivers once they obtain their CDLs.
GM Ends EV Tax Credit Plan and Offers Its Own Incentive
GM will give about $6,000 of its own cash for lease support and to keep EV sales going.
Soy Harvest Begins With Farmers in ‘Fight to Survive’
China, typically the biggest buyer of U.S. soybeans, still hasn’t booked a single shipment of the crop from this year’s harvest.
‘Buckle Up,’ IMF Chief Warns Amid Economic Uncertainty
The global economy is holding up better than expected despite major shocks such as President Donald Trump’s tariffs, but Kristalina Georgieva says that resilience may not last.
Fund Tied to Bankrupt Auto Parts Supplier Reports Trade Debt
A fund controlled by a unit of Jefferies Financial Group sunk nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group.
US Seeks Significant Concessions on EU Trade Deal
The new demands come as the two sides prepare to negotiate the next steps of this summer’s trade deal, which set a 15% tariff on most EU goods entering the U.S.
New Fortress’ Puerto Rico Gas Shipments at Risk Amid Dispute
New Fortress Energy has reached a tentative deal that may allow it to deliver LNG to its terminal in Puerto Rico after it hammered out an agreement with tugboat operators, local media reported.
Canadian Hockey Stick Factory Fends Off Trump Tariffs
As Roustan Hockey faces a trade war launched by President Donald Trump, the disruption underscores the broader turmoil that’s left the Canadian economy reeling.
Mexico Risks New Tariff Hit on $15 Billion of Truck Exports
Mexican officials vowed to push back against new tariffs the Trump administration is planning on heavy trucks, yet another hurdle the U.S. is throwing in front of its southern neighbor.
Dynamic Pricing Momentum on the Upswing in LTL, 3PL Segments
Dynamic pricing is not new to the trucking industry, but momentum is growing and may be at a tipping point in the LTL and 3PL segments. CSCMP Edge 2025 attendees are told.
Trump Targets $12 Billion in New Energy Project Cuts
The Trump administration is considering canceling about $12 billion in energy projects, including funding for hydrogen ventures backed by U.S. oil majors, according to a list seen by Bloomberg.
US Chicken Prices Fall 18% From Summer Peak
Tyson Foods, JBS and Cargill have leaned on poultry profits to cushion losses at their beef businesses, which have been impacted by the worst U.S. cattle shortage in decades.
Trump Says US, Canada Can ‘Get There’ on Tariff Deal
Trump met with Canadian Prime Minister Mark Carney on Oct. 7, and the president described the disagreements as “natural conflicts” because they’re competing for the same business.
States’ Commercial Vehicle Dragnets Snag ELP, CDL Violations
Three states recently ramped up enforcement in response to renewed U.S. Department of Transportation attention to English-language proficiency issues.